Gold futures for February delivery fell 0.4% to $1,655.50 on Wednesday, according to CME Group. Gold traded as high as $1,666 and as low as $1,651.30. Gold bullion closed in London at $1,660, according to BullionVault.
Silver futures for February delivery dropped 0.7% to $30.43 per ounce. Wednesday’s high for silver was $30.42, while the low was $30.13.
Gold and silver funds were mixed in Wednesday trading.
- The SPDR Gold Trust (NYSE:GLD) was flat.
- The iShares Gold Trust (NYSE:IAU) rose 0.1%.
- The iShares Silver Trust (NYSE:SLV) fell 0.1%.
Gold and silver mining ETFs mostly fell during the day.
- The Market Vectors Gold Miners ETF (NYSE:GDX) fell 0.7%.
- The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) fell 0.7%.
- The Global X Silver Miners ETF (NYSE:SIL) rose 0.2%.
Gold mining shares were mostly lower, with Kinross Gold (NYSE:KGC) losing the most.
- Agnico-Eagle Mines (NYSE:AEM) was flat.
- Barrick Gold (NYSE:ABX) rose 0.3%.
- Eldorado Gold (NYSE:EGO) fell 0.7%.
- Goldcorp (NYSE:GG) dropped 0.9%.
- Kinross Gold dropped 1.7%.
- Newmont Mining (NYSE:NEM) fell 1.5%.
- NovaGold Resources (AMEX:NG) rose 0.8%.
- Yamana Gold (NYSE:AUY) lost 0.2%.
Silver mining shares mostly advanced on Wednesday.
- Coeur d’Alene Mines (NYSE:CDE) was flat.
- Hecla Mining (NYSE:HL) rose 1.1%.
- Pan American Silver (NASDAQ:PAAS) rose 0.5%.
- Silver Wheaton (NYSE:SLW) increased 0.1%
- Silver Standard Resources (NASDAQ:SSRI) climbed 0.3%.
As of this writing, Nate Wooley did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.